Small Corp. would like to forecast the value of the Turkish lira five years from now using forward rates. Unfortunately, Small is unable to obtain quotes for five-year forward contracts. However, Small observes that the five-year interest rate in the United States is 11 percent, while the Turkish five-year interest rate is 15 percent. Based on this information, the Turkish lira should ____ by ____ percent over the next five years.

I already know that the answer is depreciate by 16.22%, but I don't know how to calculate it. Please show detailed calculation.